Good Morning team.

The market is finally trying get a bounce and the move seems pretty broad based this morning.  Be careful with your short positions!  Also keep in mind that volatility is likely to produce some big swings.

With that in mind there are stocks showing good signs.  INTC is past its earnings and has successfully broken its downtrend. The bid/ask spread are wider than normal but take a look at the JAN contracts between 70 and 80 deltas.

I have mentioned TUP before but it has now tested the downtrend trend break and is showing signs of buyers stepping in at support.  Options on this stock are not good so its if your interested its better to just trade the stock.

MCD moved big on earnings this quarter and has now pulled back and buyers are coming in at price support.  A DEC 170/165 Put Credit spread or just a straight directional might be in order.  Personally I favor the JAN contracts.

Watch carefully for an intraday pullback.  IF, it holds a higher low there may be an opportunity to buy some IWM calls for a quick rally.

KO reported well today and is now breaking resistance.  The JAN 45 Calls look very tasty right now.

Once again this is very early and trading this much volatility is not for the faint of heart. Consider that before taking on any new risk.

Remember all trade ideas are for your evaluation and consideration.